Commercial National Reports Year-End 2025 Results
Rhea-AI Summary
Commercial National Financial (OTC:CNAF) reported Q4 2025 net income of $550,000 ($0.19/share) versus $636,000 ($0.22) in Q4 2024, and full-year 2025 net income of $1,878,000 ($0.66) versus $1,841,000 ($0.64) in 2024. Tax-equivalent net interest margin was 3.77% at year-end. Capital ratios remained strong: Tier 1 25.91%, total risk-based 26.28%, leverage 14.44%. The company authorized a stock repurchase program for up to 143,048 shares and repurchased 12,507 shares at an average price of $7.85 through December 31, 2025. Securities portfolio showed unrealized AOCI losses due to elevated market interest rates.
AI-generated analysis. Not financial advice.
Positive
- Tier 1 capital ratio 25.91% at December 31, 2025
- Total risk-based capital ratio 26.28% at December 31, 2025
- Authorized 5% stock repurchase program (143,048 shares); 12,507 repurchased at $7.85 average
Negative
- Q4 2025 net income declined 13.5% YoY to $550,000 from $636,000
- Securities market-value depreciation produced $19.9M AOCI loss at year-end
- Short-term borrowings decreased from $38.7M to $17.5M, indicating funding mix changes
News Market Reaction – CNAF
On the day this news was published, CNAF declined 2.67%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LATROBE, PA / ACCESS Newswire / January 30, 2026 / Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended December 31, 2025. The Company earned
The Company's fourth quarter-end 2025 tax equivalent net interest margin was
On August 19, 2025 the Company announced that it had authorized a stock repurchase program for up to 143,048 shares of its common stock, representing five percent of shares currently outstanding. The Company has repurchased 12,507 shares of its common stock as of December 31, 2025, at an average price of
Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 504,607 shares, or
As disclosed each year in the Annual Report to Shareholders, on December 31, 2025, the Company employed 77 people in full-time and part-time positions. Thirty-four (34) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, twenty-nine (29) employees are full-time and there are five (5) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.
The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site (www.cnbthebankonline.com) and an automated TouchTone Teller banking system.
Safe Harbor Statement
Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the Company, and the Company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the Company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any forward-looking statements herein.
Contract Information:
Wendy Piper
Commercial National Financial Corporation
724.539.3501
wpiper@cbthebank.com
COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
(Dollars in thousands)
December 31 | December 31 | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
Cash and due from banks on demand | $ | 3,859 | $ | 3,743 | ||||
Interest bearing deposits with banks | 1,861 | 1,322 | ||||||
Total cash and cash equivalents | 5,720 | 5,065 | ||||||
Securities available for sale | 155,781 | 156,076 | ||||||
Restricted investments in bank stock | 903 | 1,671 | ||||||
Loans | 169,951 | 181,452 | ||||||
Allowance for loan losses | (804 | ) | (865 | ) | ||||
Net loans | 169,147 | 180,587 | ||||||
Premises and equipment | 2,775 | 2,790 | ||||||
Accrued Interest receivable | 2,226 | 2,202 | ||||||
Investment in Life Insurance | 19,619 | 19,083 | ||||||
Other assets | 7,123 | 7,381 | ||||||
Total assets | $ | 363,294 | $ | 374,855 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Liabilities: | ||||||||
Deposits: | ||||||||
Non-interest bearing | $ | 150,531 | $ | 145,735 | ||||
Interest bearing | 154,975 | 155,826 | ||||||
Total deposits | 305,506 | 301,561 | ||||||
Short -Term borrowings | 17,536 | 38,665 | ||||||
Other liabilities | 2,501 | 1,854 | ||||||
Total liabilities | 325,543 | 342,080 | ||||||
Shareholders' equity: | ||||||||
Common stock, par value | 7,200 | 7,200 | ||||||
Retained earnings | 63,060 | 62,439 | ||||||
Accumulated other comprehensive loss | (19,867 | ) | (24,320 | ) | ||||
Less treasury stock, at cost, | ||||||||
751,554 shares in 2025 and 739,047 in 2024 | (12,642 | ) | (12,544 | ) | ||||
Total shareholders' equity | 37,751 | 32,775 | ||||||
Total liabilities and shareholders' equity | $ | 363,294 | $ | 374,855 | ||||
COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share data)
Three Months | Twelve Months | |||||||||||||||
Ended December 31 | Ended December 31 | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
INTEREST INCOME: | ||||||||||||||||
Interest and fees on loans | $ | 1,999 | $ | 2,055 | $ | 8,072 | $ | 8,214 | ||||||||
Interest and dividends on securities: | ||||||||||||||||
Taxable | 1,054 | 1,000 | 4,253 | 4,404 | ||||||||||||
Exempt from federal income taxes | 441 | 547 | 1,765 | 1,794 | ||||||||||||
Other | 48 | 57 | 195 | 215 | ||||||||||||
Total Interest income | 3,542 | 3,659 | 14,285 | 14,627 | ||||||||||||
INTEREST EXPENSE: | ||||||||||||||||
Interest on deposits | 39 | 48 | 169 | 208 | ||||||||||||
Interest on short-term borrowings | 249 | 477 | 1,335 | 1,836 | ||||||||||||
Total Interest expense | 288 | 525 | 1,504 | 2,044 | ||||||||||||
NET INTEREST INCOME | 3,254 | 3,134 | 12,781 | 12,583 | ||||||||||||
CREDIT FOR LOAN LOSSES | (62 | ) | (219 | ) | (62 | ) | (293 | ) | ||||||||
NET INTEREST INCOME AFTER | ||||||||||||||||
CREDIT FOR LOAN LOSSES | 3,316 | 3,353 | 12,843 | 12,876 | ||||||||||||
OTHER OPERATING INCOME: | ||||||||||||||||
Asset management and trust income | 388 | 375 | 1,534 | 1,451 | ||||||||||||
Service charges on deposit accounts | 156 | 166 | 627 | 644 | ||||||||||||
Net Security gains(losses) | 2 | - | (13 | ) | 3 | |||||||||||
Income from investment in life insurance | 137 | 135 | 536 | 524 | ||||||||||||
Other income | 17 | 25 | 100 | 120 | ||||||||||||
Total other operating income | 700 | 701 | 2,784 | 2,742 | ||||||||||||
OTHER OPERATING EXPENSES | ||||||||||||||||
Salaries and employee benefits | 2,021 | 2,001 | 8,014 | 8,111 | ||||||||||||
Net occupancy expense | 231 | 200 | 861 | 839 | ||||||||||||
Furniture and equipment | 148 | 134 | 602 | 552 | ||||||||||||
Pennsylvania shares tax | 73 | 84 | 296 | 328 | ||||||||||||
Legal and professional | 123 | 112 | 566 | 550 | ||||||||||||
FDIC Insurance expense | 36 | 46 | 164 | 185 | ||||||||||||
Other expenses | 830 | 835 | 3,299 | 3,261 | ||||||||||||
Total other operating expenses | 3,462 | 3,412 | 13,802 | 13,826 | ||||||||||||
INCOME BEFORE INCOME TAXES | 554 | 642 | 1,825 | 1,792 | ||||||||||||
Income tax expense(benefit) | 4 | 6 | (53 | ) | (49 | ) | ||||||||||
Net income | $ | 550 | $ | 636 | $ | 1,878 | $ | 1,841 | ||||||||
Average Shares Outstanding | 2,853,302 | 2,860,953 | 2,858,921 | 2,860,953 | ||||||||||||
Earnings Per Share | 0.19 | 0.22 | 0.66 | 0.64 | ||||||||||||
SOURCE: Commercial National Financial Corp. (Pennsylvania)
View the original press release on ACCESS Newswire